June 20, 2016 – Hydro Ottawa announced it has entered into a purchase and sale agreement with Hydro-Quebec to acquire the remaining 33% interest in the Ottawa River Ring Dam and a 27MW hydro generating station (Centrale Hull 2) on the Gatineau side of Chaudière Falls.

Hydro Ottawa’s existing portfolio at Chaudière Falls includes six run-of-the-river hydro plants, a 67% interest in the Ring Dam and all water rights. In 2014, Hydro Ottawa announced a 40-year contract with the former Ontario Power Authority (now merged with the Independent Electricity System Operator) to expand its Chaudière Falls site with a new 29MW facility, to be completed in 2017.

Once this acquisition is complete, Hydro Ottawa says it will own 100% of the facilities at the Chaudière site on both sides of the Ottawa River.

“On behalf of city council, I am pleased that Hydro Ottawa is increasing its supply of renewable energy, enough to power 22,500 more homes a year,” said Jim Watson, mayor of Ottawa, during the announcement earlier today.

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The closing of this acquisition is expected during Q3 2016.

The utility also notes negotiations are ongoing with the IESO to secure a power purchase agreement for Centrale Hull 2 and Gatineau No. 1 (already owned by Hydro Ottawa) to be connected to the Hydro Ottawa distribution system in order to sell electricity to the province. The two hydroelectric stations have a total output of 39MW, according to Hydro Ottawa.

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